Expansion of Southeast Asian operations through investment in LSSPI
First written in FY2022. 5 of 8 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2026.
43 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Recent business performance has been improving in both sales and profits. In anticipation of expanding demand for food containers driven by population growth and rising income levels in Southeast Asia, we are focusing on expanding our market share in and outside Malaysia.」
LSSPI has progressed to the stage of pursuing expanded sales in and outside Malaysia after advancing capital investment, strengthening product development technologies, operating inventory and production management systems, and deepening marketing activities, which have improved sales and profits. - 2026-04-30AdvancedEarnings
「Recent performance has been improving in both sales and profit.」
For LSSPI, the disclosure described improvements in sales and profit in addition to capital investment, strengthened product development capabilities and operation of the management system. - FY2026-H1AdvancedAnnual report
「Lee Soon Seng Plastic Industries Sdn. Bhd. (head office: Malaysia; hereinafter, “LSSPI”), an equity-method affiliate, has worked to improve productivity through capital investment in equipment such as forming and extrusion machines, the strengthening of product development technologies including molds, and the operation of inventory and production management systems. As a result, both sales and profits have recently been improving. …Sales outside Malaysia have also increased, as we and LSSPI jointly supply products as our customers expand overseas.」
At LSSPI, sales and profits improved as a result of capital investment, the strengthening of product development technologies, and the operation of inventory and production management systems. Sales outside Malaysia also increased through collaboration with the company. - FY2025AdvancedAnnual report
「Lee Soon Seng Plastic Industries Sdn. Bhd. (head office: Malaysia; hereinafter, “LSSPI”), an equity-method affiliate, is working to improve productivity through capital investment in equipment such as forming and extrusion machines, the strengthening of product development technologies including molds, and the introduction of inventory and production management systems. With demand for food containers expected to expand against a backdrop of population growth and rising income levels, LSSPI is initially focusing on expanding its market share in Malaysia and is securing profits on a standalone basis.」
For LSSPI, the company described capital investment in forming and extrusion machines, the strengthening of mold and product development technologies, and the introduction of inventory and production management systems, as well as expansion of its market share in Malaysia and securing profits on a standalone basis. - FY2024-Q1AdvancedAnnual report
「Lee Soon Seng Plastic Industries Sdn. Bhd. (head office: Malaysia; hereinafter, “LSSPI”), which became an equity-method affiliate in August 2022, is working to improve productivity through capital investment, including the use of our idle equipment, and the introduction of an inventory management system. With demand for food containers in Southeast Asia expected to expand due to population growth and rising income levels, we will work to enhance LSSPI’s competitiveness in Southeast Asia and maximize profits.」
For LSSPI, the company is proceeding with capital investment, including the use of its idle equipment, and the introduction of an inventory management system, with the aim of improving productivity and competitiveness and maximizing profits. - FY2023-Q2AchievedAnnual report
「MITSUI & CO.,LTD. acquired 60% of LSSPI’s shares and we acquired 40%, making LSSPI an equity-method affiliate on 31 August 2022. With demand for food containers in Southeast Asia expected to expand due to population growth and rising income levels, we will increase production capacity and reduce costs through labor-saving measures and shorter forming cycles, among other initiatives, and develop high-value-added products. MITSUI aims to expand sales by leveraging its network of more than 1,000 investee and partner companies in Asian markets.」
Through the joint acquisition of 60% by MITSUI and 40% by the company, LSSPI became an equity-method affiliate on 31 August 2022. The company has moved into the phase of increasing production capacity, reducing costs and developing high-value-added products, while leveraging MITSUI’s sales network. - FY2023-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 9 May 2022, we decided to enter into a share transfer agreement with SCGM Bhd. (head office: Malaysia) under which MITSUI & CO.,LTD. (head office: Chiyoda-ku, Tokyo; hereinafter, “MITSUI”) will acquire 60% and we will acquire 40% of the shares of its wholly owned subsidiary, Lee Soon Seng Plastic Industries Sdn. Bhd. (head office: Malaysia; hereinafter, “LSSPI”), which manufactures and sells disposable food containers mainly in Southeast Asia, and to make LSSPI an equity-method affiliate.」
The company reconfirmed the plan to make LSSPI an equity-method affiliate through a joint acquisition by MITSUI of 60% and by the company of 40%, with the acquisition scheduled for August or September 2022. - FY2022First statedAnnual report
「In addition, we entered into a share transfer agreement under which MITSUI & CO.,LTD. (head office: Chiyoda-ku, Tokyo; hereinafter, “MITSUI”) will acquire 60% and we will acquire 40% of Lee Soon Seng Plastic Industries Sdn. Bhd. (head office: Malaysia; hereinafter, “LSSPI”), which manufactures and sells disposable food containers mainly in Southeast Asia and is a wholly owned subsidiary of SCGM Bhd., and decided to make LSSPI an equity-method affiliate. …The acquisition is scheduled for August or September 2022.」
The company first described its plan to jointly acquire 40% of LSSPI with MITSUI and expand sales in the Southeast Asian market, increase production capacity, reduce costs and develop high-value-added products.